Fireside buys Hunter’s Glen for more than $10 million

A private equity firm in Illinois recently inked a deal to buy the Hunter’s Glen Apartments in Chesterfield for more than $10 million, acquiring the multi-family complex from a Boston pension fund adviser. Michael Bailey’s Fireside Financial of Edwardsville closed Sept. 18 on the purchase of Hunter’s Glen from Boston-based Eaton Vance. While terms of the deal were not disclosed, the property was appraised at about $9.6 million, according to the St. Louis County Department

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Gannon, Fireside add Charter Place to portfolio

Gannon Realty Group and Fireside Financial partnered to buy the Charter Place Apartments in Creve Coeur for $22 million. The deal is among the area’s largest multi-family sales in the past 18 months as investment sale activity has slowed to a crawl. The sale of the 284-unit property at 11907 Charter House Lane near Olive and I-270 closed March 3. Principal Global Investors of Des Moines, Iowa, bought the property in 2005 for $30 million.

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